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Meme stocks are flying again in premarket trading

Tiger Newspress2021-06-03

Meme stocks are flying again in premarket trading.BlackBerry,AMC Entertainment,Sundial Growers and GameStop climbed between 2% and 28%.

BlackBerry Limited continues to see increased interest from retail investors and has now overtaken AMC Entertainment Holdings Inc. to emerge as the most-mentioned stock on Reddit’s r/WallStreetBets forum.

The moonshot surge in the shares of AMC Entertainment Holdings Inc. has vaulted it into the ranks of some of the world’s most valuable companies.

The company has gone from a small cap to a large cap in the space of a few months. A 95% gain amid a retail-trading frenzy on Wednesday left the movie-theater chain with a market capitalization of $31.3 billion. That makes it more valuable than half of the companies in the S&P 500 Index.

Paper losses from the bearish wagers on 10 of the most-shorted U.S. shares amounted to $4.5 billion Wednesday, according to Peter Hillerberg, co-founder of analytics provider Ortex. That includes $2.75 billion in unrealized losses for AMC Entertainment Holdings Inc. following the stock’s 95% surge, rising to nearly $4 billion after adding in GameStop Corp. and Bed Bath & Beyond Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment128

  • ET2021
    ·2021-06-03
    This is really unbelievable
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  • Pplymm
    ·2021-06-03
    Like and comment pls 
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  • lost0star
    ·2021-06-03
    Okay
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  • lost0star
    ·2021-06-03
    Okay
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  • Juzanub
    ·2021-06-03
    Nice
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  • fwpang
    ·2021-06-03
    Comment and like.Thanks
    Reply
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    • Juzanub
      Ok
      2021-06-03
      Reply
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    • Jefflim
      Ok
      2021-06-03
      Reply
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  • Duckymono
    ·2021-06-03
    [財迷] 
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  • KiangW
    ·2021-06-03
    Damn I sold bb 
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  • Pltretard
    ·2021-06-03
    Stonks can only rise 
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    • Jefflim
      O
      2021-06-03
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  • Ohlehleh
    ·2021-06-03
    Awesome
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  • skyel
    ·2021-06-03
    Is it sustainable? You say
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  • 超群yibo
    ·2021-06-03
    Go. Go.
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    • AnaiAnai
      pre market red.
      2021-06-03
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  • AsG
    ·2021-06-03
    Hodl!
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    • Juzanub
      Niceok
      2021-06-03
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  • XIN90
    ·2021-06-03
    Gogogo
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    • XIN90
      Comment pls
      2021-06-03
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  • missychatty
    ·2021-06-03
    Like and comment
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  • Huazaiii
    ·2021-06-03
    Like and comment 
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    • Huazaiii
      LIke and comment
      2021-06-04
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  • KMK
    ·2021-06-03
    Interesting
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  • AnaiAnai
    ·2021-06-03
    fly again?
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  • Tommyboy44
    ·2021-06-03
    Cool !!!!
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  • 超群yibo
    ·2021-06-03
    Go. Go
    Reply
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